You are on page 1of 1
IN THE NATIONAL COMPANY LAW TRIBUNAL: NEW DELHI PRINCIPAL BENCH ITEM No. 43 1BI-15(PB}/2020 INTHE MATTER OF: Albatross Fine Chem. Pvt. Ltd Petitioner/ Applicant Orris Infrastructure Pvt. Ltd Respondent Order under Section 7 of Insolvency & Bankruptey Code ‘elivered on 16.12.2021 CORAM: JUSTICE RAMALINGAM SUDHAKAR HOWBLE PRESIDENT SH. HEMANT KUMAR SARANGI HON’BLE MEMBER (TECHNICAL) PRESENT: For the Applicant : For the respondent : ORDER When the matter was called none appeared for the Petitioner. It appears to be a home buyers’ case. However, in the light of the decision of the Hon'ble Supreme Court in the case of Jaypee Kensington boulevard Apartments Welfare Association v. NBCC (India) Ltd., 2021 sce Online SC 253 particularly paragraphs 428 & 442, the company petition is not maintainable. Accordingly, (IB)-15(PB/2020 stands dismissed as ni maintainable with liberty to pursue the matter if cayse survives? (RAMALINGAM SUDHAKAR} PRESIDENT (HEMANT KUMAR SARANGI) ‘MEMBER (TECHNICAL)

You might also like